As holders we need to prepare for what price to sell. Price won’t be determined by stale bulls but optimistic newcomers. Would like to discuss possible prices. Here is my attempt.
Scoping study $1B AUD. Dec 1 2021 BASE case
Not sure what stake they will have, using base case potential for various percentages:
20% worth 8cents
30% worth 12cents
40% worth 16cents
Since base case study:
Copper about the same in USD
Gold was way lower. US1800. Up 60%
AUD way higher 70 cents when scoping study done. AUD gold price has nearly doubled.
Spot price result of scoping study in Dec 21
Pre-tax NPV(8%) • US$818m (~A$1.15b) at an IRR of 41% assuming spot of US$4.481/lb Cu & US$1,792.70/oz Au
This study is not for whole resource from memory . So upside from rest of the project plus exploration and other substantial projects.
From above video:
4 cents a KW energy price! Operating cash cost 50 Cents. Versus $4.50 price for copper.
27K T copper PA $400M
22K Oz of gold PA $100M
Another way to value, 450m gross profits. 300M after payments to gov, locals, capital etc?
20% 60M x5 300M . 10 cents plus other.
Hopefully others with better knowledge will offer more accurate insight.
But am worried about selling cheap, if finance comes through.
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